By Denny Jacob
Surgery Partners posted higher-than-expected revenue in its latest quarter but also reported a wider loss.
The operator of surgical facilities widened its loss to $108.5 million, or 86 cents a share, from a loss of $1 million, or 1 cent a share, a year earlier.
Stripping out certain one-time items, earnings came in at 44 cents a share. Analysts polled by FactSet expected 38 cents a share.
Revenue rose to $864.4 million from $735.4 million. Analysts polled by FactSet expected $827.9 million.
Surgery Partners forecast revenue between $3.30 billion and $3.45 billion in 2025. Analysts polled by FactSet expect $3.39 billion.
Chief Financial Officer Dave Doherty said the company enters the year with a level of liquidity that enhances its confidence and ability to continue to fund accretive M&A opportunities without the need to access capital markets.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 03, 2025 07:53 ET (12:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.